[size=14pt]STATE HOUSE PRESS RELEASE
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PRESIDENT BUHARI HAILS WORLD BANK’S DECISION TO SPEND $2.1 BILLION IN REBUILDING NORTH-EAST.



The World Bank has unfolded a package which would see it spending up to $2.1 billion in rebuilding the badly devastated North-eastern part of Nigeria, ravaged for the past six years by the Boko Haram insurgency.

At a meeting in Washington today with representatives of the World Bank, the
Bill and Melinda Gates Foundation, and the World Health Organization (WHO), President Buhari said apart from rebuilding the region in terms of infrastructure, priority must also be given to the resettlement of internally displaced persons (IDPs), who now number over one million.

He urged the World Bank to send a team, which would work in concert with a team from the Federal Government, so that a proper assessment of needs could be done.

The World Bank will spend the 2.1 billion dollars through its IDA (International Development Agency), which gives low interest rates loans to government. The first 10 years will be interest free, while an additional 30 years will be at lower than capital market rate.

The World Bank is eager to move in quickly, give out the loans, and give succor to the people of North-east, long at the mercy of an insurgency that has claimed over 20,000 souls.

WHO is also to invest 300 million dollars on immunization against malaria in Nigeria, while the Bill and Melinda Gates Foundation will collaborate with Dangote Foundation to ensure that the country maintains its zero polio case record of the past one year. If the effort is sustained for another two years, Nigeria will be declared fully free of polio.



FEMI ADESINA
SPECIAL ADVISER, MEDIA AND PUBLICITY

Source : http://streetgist.com/world-bank-to-spend-2-1-billion-in-north-east/

hmm

What do you think?

And the slavery continues...

Oboy...aboki don hammer..!!!

This a very good news.. .. The conditions are OK... .. but I will never trust the WEST

It's a two way thing, but either ways I think Nigeria is not on the loosing side!

Great, that region needs all the help it can get.

The good thing is that modern infrastructure will replace the decrepit ones that were destroyed, and the rebuilding process will bring psychological relief and healing to the devastated populace.

What are the conditions required to ascertain such large funds from world bank when we are suffering from poor economy and the nation debt is at large?. You want to rebuild a terrorize region that is still battling with insurgence. But, they was another greater war called "The Biafra war" where over 2million people lost their lives and their properties destroyed and abandoned. Guess, Nobody borrowed money to rebuild it. What a country?